Roku Inc (NASDAQ:ROKU) shares climbed in Friday’s premarket trading after the company released its fourth-quarter earnings report on Thursday, beating estimates on the top and bottom lines.
This uptick occurs despite broader market pressures, with Nasdaq futures down 0.22% and S&P 500 futures shedding 0.21%.
Roku Rocks Q4
Roku reported quarterly earnings of 53 cents per share, which beat the consensus estimate of 27 cents by 93.43%. Quarterly revenue came in at $1.4 billion, beating the analyst consensus estimate of $1.35 billion and up from $1.2 billion in the same period last year.
Roku 2026 Outlook
Roku expects first-quarter revenue of $1.2 billion, versus the $1.16 billion analyst estimate, and fiscal 2026 revenue of $5.5 billion, versus the $5.35 billion estimate.
Technical Analysis
Currently, Roku is trading 0.9% below its 20-day simple moving average (SMA) and 6.4% below its 100-day SMA, indicating some short-term weakness. Over the past 12 months, shares have decreased by 4.46% and are positioned closer to their 52-week highs than lows, suggesting a potential rebound if momentum builds.
The RSI is at 27.70, indicating that the stock is oversold, while the MACD is below its signal line, reflecting bearish pressure. This combination suggests that while the stock may be undervalued, the current momentum remains bearish.
The key levels to watch for Roku are:
- Key Resistance: $107.50
- Key Support: $91.00
Analyst Outlook
The stock carries a Buy Rating with an average price target of $113.64. Recent analyst moves include:
- Needham: Buy (Maintains Target to $110.00) (Feb. 13)
- Oppenheimer: Upgraded to Outperform (Target $105.00) (Feb. 6)
- Keybanc: Overweight (Raises Target to $128.00) (Feb. 3)
ROKU Price Action: Roku shares were up 15.76% at $96.00 during premarket trading on Friday, according to Benzinga Pro data.
Photo: Michael Vi / Shutterstock
Recent Comments